Saturday , November 22, 2025 |   01:42:44 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
GDP growth presents mixed canvas across OECD countries in Q3 (See 'TII Brief') I-T - Inland haulage charges from operation of ships is not taxable as business income: ITAT (See Breaking News) I-T - Every payment from source outside India or through NRE Account of assessee, cannot be treated as unexplained investment: ITAT (See Breaking News) I-T - GAAR provisions will not apply to transactions undertaken on stock exchange, for set-off of capital losses against capital gain, absent any evidence regarding avoidance of tax liability: HC (See Breaking News) I-T - Expenses incurred wholly and exclusively by Indian branch cannot be allocated to overseas branch and HO: ITAT (See Breaking News) I-T - If licence conferring no proprietary interest on licencee, does not entail parting with copyright, and core transaction authorises end-user to make use of licenced software, then payment received for such software cannot be termed as 'royalty': ITAT (See Breaking News) TP - Bright line test is not appropriate method for benchmarking AMP transactions: ITAT (See Breaking News) I-T - Downward adjustment under MAP resolution found to be based on an ad-hoc estimate arrived at pursuant to mutual settlement, didn't have any cogent basis: ITAT (See Breaking News) I-T - Delay in filing ITR has to be condoned if assessee is otherwise entitled to refund: HC (See Breaking News) I-T - If aircraft were never placed at disposal of foreign aircraft leasing company in India to conduct its business, such absence of lessor's operational infrastructure in India reinforces absence of fixed place PE: ITAT (See Breaking News) DTAA - Income earned by foreign company from support services rendered to its parent company, is not fees for technical services, as no technical knowledge is made available: ITAT (See Breaking News) TP - If entire activity of project office/PE is wholly dependent on know-how/drawing documentation of head office (HO), then such HO and its Indian PE are associated in terms of Section 92A(2)(g): ITAT (See Breaking News) TP - Adjustment on account of guarantee given to AE are amenable to adjustment under transfer pricing: ITAT (See Breaking News) TP - TPO cannot resort to ad-hoc benchmarking approach, which is contrary to mandate of section 92C: ITAT (See Breaking News) I-T - Payment received towards IT support services does not constitute Fee for Technical Services: ITAT (See Breaking News) TP - Adjustment on account of interest on trade receivables shall be computed after considering interest free trade payables due to AEs with duration of outstanding receivable and payables: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >> News Brief
 

EIF delves deep into trade priorities for LDCs
By TII News Service
May 05, 2021 , Geneva

    

THE Enhanced Integrated Framework (EIF) on Tuesday released policy briefs on tourism, apparel and sustainable development strategies, recommending actions to boost the participation of Least Developed Countries (LDCs) in global trade. A major focus is on the impact of the COVID-19 crisis and governments' policy responses.

Using case studies from various countries, including Cambodia, Madagascar, Lesotho and Zambia, as models, the briefs offer an overview of critical trade topics and recommend measures that LDCs could take at both the policy and institutional levels to improve trading opportunities.

A brief looks at integrating trade into sustainable development strategies using Cambodia as an example of reducing poverty and achieving its development objectives. International trade and investment have played a major role in the country sustaining an average growth rate of 7.9 per cent from 1997-2017. The country saw success mainstreaming trade by strategically directing the process, investing in its human capacity and fostering stakeholder dialogues and consultations across government institutions.

The goal of integrating trade in a country’s development planning is to improve livelihoods. But there also needs to be evidence that international trade is contributing to doing so – something that needs to be part of the work of trade mainstreaming, the brief notes.

The second brief looks at LDCs who have seen success using tourism to support recovery from the COVID-19 pandemic. The tourism sectors must be rebuilt with sustainability in mind, says the brief. Community and nature-based tourism look promising in that respect. The Sierra Leone government has been aiming to capitalise on the country’s natural and cultural resources to attract tourists and promote community development.

A sustainable tourism development project that started in 2020, coordinated by EIF with Sierra Leone’s National Tourism Board and Tourism Ministry, is tackling key constraints and working to increase the nation’s presence as an attractive tourism destination on the international market.

The third brief looks at strengthening value chains in the clothing sector for LDCs aiming for export-oriented industrialisation as the global fashion industry recovers and evolves from the pandemic. Government support and a conducive policy environment are necessary, as are enabling investment frameworks. Strengthened relationships between buyers and suppliers help build resilience, and this includes greater transparency in the supply chain so as to reduce power imbalances.

Finally, social and environmental industry standards should take centrestage in the recovery, to ensure garment factory workers earn a living wage and have workplace protections in place.

The briefs draw from LDC governments, EIF and partner experience working to support trade across a vast landscape. Armed with examples and evidence of what has worked and what has not, together with strong support from international institutions, it comes up with a variety of short- to long-term actions which makes trade development in LDCs possible.

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.